ABU DHABI / WAM AD Ports Group on Tuesday announced the signing of a General Corporate Facility agreement with a syndicate of 13 regional and international banks. The multi-currency facility, equivalent to around $2 billion, includes three tranches amounting to EUR 600 million, $620 million, and AED2,863 million with a tenure of up to 2.5 years. The demand for the ...

LATAKIA / WAM As part of Operation Gallant Knight 2 launched by the Ministry of Defence, the Emirates Red Crescent (ERC) organised a group iftar for several cancer patients and their families in Latakia Governorate, Syria, in cooperation with the Syrian Arab Red Crescent and the Farah Association for Supporting Children with Cancer. The initiative aims to provide moral and ...

VIENNA / WAM The Opec Fund for International Development (Opec Fund) has entered into two separate loan agreements worth $20 million each with Acwa Power. The funds will be used to support the construction and operation of two wind power plants — the 500 MW Dzhankeldy wind farm and the 500 MW Bash wind power plant, located in the Bukhara ...